If you have a rental history of 2 or more years and an established checking account, you may be a good candidate for an ITIN home loan.
Before even thinking of starting the process of becoming a homeowner it’s important that you already have your ITIN. If you don’t have one yet, find out how to get an ITIN today.
What Are the Home Loan Requirements?
The exact ITIN home loan requirements will vary depending on the lender you’re working with. However, below, I’ll list some of the standard requirements, so you have an idea of what to expect.
- Stable Credit History: Lenders are going to want to see that you can manage debt. Therefore, it’s important to have started building a credit history that displays multiple credit cards and loans in good standing.
- Employment History: It’s a good idea to have been working at your current job for a minimum of 2 years to show stability in cash flow.
- Tax Verification: Your lender is probably going to want to review the last 2 years of tax returns.